The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-03-18

]
that i coming 70 stay. We G,y ypIpg N
build city here on the basis Of vTrAt
natural resouIc5s, 4 magnificent water
way, tTo TorAilroad systerus already her, and
more 10 cDms, We have the ore And ,he
coA and the cheap transportation, and
why can Se not sucreed2"
Well, y said u ihs Judge, "thIs {. the
same talk that your nEighboFH a. EhrtII I'D
and Florence indulge 10. For instance,
the president oil the Fint National BInf
Of Sheffield has been telling Us these cans
Ihings this afternoon, and he Ia enthus.
iaS;lc over tbs proepecIS Of the locality.
And Captain mcfarland, Of Florence, hSs
lately Laid bsiore us quite taking Ilrs of
Argument on behalf Of thAt place"
Buy Jou can sbe our mAniiss. AbVAn.
tages, replied tho Jndgs, granting al
they claim on behalf Of thoss places
iieTo We are ouly 81 miles north Of Bir.
minRhAtn, on railroad already built to
that place, over which, II needs be-, va
can get their ore TO mix With ours a. a
cost lor freight ol ouiy hall cent psr tom
per mile. liere that ore will meet our
cheap coal and from this point wa hAys
river navigation Tor will have A soon ns
the Goysrnmen! canal at Mus,sil shoal.
Is completely 10 all ths cities aud mATkets
oi the Mlasl1slppl and Ohio riyars, and
under the Interstate Commerce ac. "a.
csHtiy passed by Congress thia may turn
out to hs something ysry important in.
deed. Besides, Look at the number Of In.
dus'riAl enterprises that arc already hoax.
ed for these points" IlBreupon ha wont
into quite an enumeration OF said enter.
prisss and presented considerable list
OF inchoats and consummaIed contracts
with proposed furnaces, plox works. ayri.
cultural works, ics factories, tAnneries.
lumber yardd and the like.
WISE rREcAuTIoS.
"How," said he, I'VE propose to hold
back our boom until We are able to show
to the world the foundations laid for theee
enterprises. Not until then do we pro.
pUse to have our public sale Of town lots,
We want buyers to know that our plans
are based on realities, and when We arc
Rb.e TO show them union depot, a fur.
Eacs, plOw workB Rad hns hotel,
actually under way, we eIpsct TO get bet.
ter prices than We could yet to-day, and
thus rralZe for our stockholders a great
deal mora money than We could get OH
tha mere basis oi promises"
| WAS Obliged 10 confess that this looked
like business and ovinCed higher degree
OF worldly wisdom than the boomers OF
the various loCalities had generally shown.
And here | may remark that the Judge is
au experienced and successful boomer,
having al one time taken n considerable
hand IN tho building up OF tho city OF
Denver. Like his colleague, Gordon, he
ID sort Of professional town builder,
and | am persuaded that il two such
shreWd men canrnt make Decatur boom
on thiF q oorN booming in the
SJU'H :; H!l 10 oec4G-s ;aere ia very
little boom In it.
Tho stock Of their land company has
already had its flood and ebb.tide. There
WAC SO much Ot \ scramble for 1t early in
January that the pr;ca ran up from the
ground floor OF % 10 W among outsiders.
since then it had sold down to eighteen
and quarter, and WAS now quoted at %.
The explanation given Was that Certain
persons in Montgomery had borrowed
money wherewith to subscribe for il, and
this money WAS falling duo and the stock
had been forced on tho market 10 meet
these obligations. attached very littls
weight to this explanation, but rather
Inscribed It to the recent halt and back act
in Birmingham land atccks growing ou. OF
the refusal OF the "Ensley" subscribers 10
take their stock on account OF alleged
cTnokedness.
have been at pains 10 go into all this
detail IN order that your readers may the
betlHr understand the business OF booming
in the South at this this time. In
no other way could l make It 60
ClsRr to them. | AIN persuaded
that next to the possession Of un.
teniab!e natural resources comaa the ne.
cesaity for booming talent aud experience.
Indeed, ! am not sure which possession is
the more important OF the two. Certain
it is that wherever the two can be com.
bined you can hsve to-day in the South
good sized boom, and perhaps ought to
record my impression that they have
enough OF both at Decatur (certsinIy
enough OF the latter 10 make the boom
there considerable OF n success.
PHILOSOPHY or UooMs.
Some day In the future after this craze
for booms has GubSided presume we will
have series OF interesting articles in the
Century Magazine, following its present
war literature, onthe philosophy OF booms.
And mighty interesting reading" they
will be to Bome people, those who sowed,
those who reapt and lhoBs who were left
in the lurch. 1t will be curious speculs-
ton. involving deal that is nystical Rnd
psychological, or in other words the ele.
lnents OF faith, credulily, Cupidity, hope
and reCklessness In human nature as
they are capable o! being combined and
played upon under certain circumstances.
ltloOks now IS II there wGs to bea widely
extended real estate movement in all the
country south OF the Ohio river. There is
such movement in full bast at Nash.
vile, Tenn, city Que hundred miles
north OF Decatur, and the daily transac-
tons in real estate are numerous at ad.
rsncing prices, They have started, as vet
in feeble Tpy,a like movement at Louis.
vile, and property 10 beginning to move
at better priCCs. lspent week there on
my way here and hesrd tho ground work
talked up, and could feel tina! it vas in the
air that property WIS going 10 sell for
more money. The same thing ia in the
air here through an organization OF capi.
talists to take hold Of real estate, and peo.
Pile are beginning to buy in anticipation Of
M advance.
Horace Greeley said that "the way to
resume was TO resume" apecie payments.
Iu other words, exhibit your faith and the
thing is accomplished. By faith noun
tsins are removed, according to Scripture,
and ever since that Gay great deal OF real
estate has been moved by thG. agency. 1t
looks now as ii the Scriptural era was once
more upon us. A. VIC.
Critical State of AnaITs.
NoGALEs, ARiz., March 1.-THE author.
tiles here fear conflict with Mexican sol.
diers at any moment.
: Deputy Sheriff Speedy and Constable
Liiiiepage were in an American saloon,
snort distance across the Mexican line,
yesterday, when four Mexican customs OF.
hctaIs entered, used abusive language and
at signal drew pistols. One O! the Mex-